Strictly confidential FY 2019 Final Results Presentation Jun 2019 FY 2019 Final Results Presentation Sep 2017 Jun 2019
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Section 1 FY2019 Financial Highlights 2
FY 2019 Sales Highlights CSI made over HK$3.18 billion of sales this fiscal year and HK$3.16 billion of presales to ensure good cashflow and profits for the coming periods For the year Unrecognised ended Contracted Sales committed up to 31 March 2019 31 March 2019 % HK$'000 HK$'000 Group level Hong Kong residential properties 2,037,392 885,408 Singapore commercial properties 17,969 - Hong Kong commercial properties 1,081,600 983,638 Sub-total 2,296,161 1,871,046 Joint Ventures and Associates PRC residential properties 50% 228,372 - Hong Kong commercial properties 30% - 1,292,310 Sub-total 225,362 1,292,310 Total 3,365,333 3,163,356 Less: Non-controlling interests (178,293) - Contracted sales attributable to the Group 3,187,040 3,163,356 3
FY 2019 key disposals CSI has made a few key disposals for FY2019 to ensure good profitability Disposal price Date completed Projects sold and booked FY2019 Location (HK$m) 8/F, 25/F and 26/F of Oriental Crystal Building, No.46 Lynhurst Terrace May 2018/ HK$155m/ And Central Oct 2018 HK$82m 1/F of Oriental Crystal Building, No.46 Lynhurst Terrace May/Ju/Jul/Aug 14 remaining houses at kau to HIGHLAND (CSI- 92%) Shatin c.HK$1,280m 2018 Jul 2018 Site at Nos. 68-70 Electric Road Tin Hau HK$843m Jardine’s Site at No. 81 Perkin’s Road Dec 2018 HK$758m Lookout Jun 2018 One service apartment unit in Cairnhill Circle, Hilltop Singapore c. HK$18m Disposal price Date Presold Projects sold FY 2019 for future bookings Location (HK$m) c. 50% of Wai Yip Street Grade-A office (CSI-30%) May 2018-Mar 2019 Kowloon Bay c.HK$1.29 bn (completion set for 2H 2019) Majority of upper office floors of Nos. 2-4 Shelley Street new Apr/ Aug 2018 Central c.HK$900m commercial tower (completion set for 2Q 2019) Notes: 1. Majority of the presales of upper office floors at Nos. 2-4 Shelley Street have been completed and booked in Apr and May 2019 2. For reference, all 204 residential units of COO Residence in Tuen Mun were presold in Sep and Oct 2017 for c. HK$850m and set for booking second half of calendar year 2019 4
FY 2019 key acquisitions CSI has made some key acquisitions in FY2019 to replenish land bank for future growth Purchase price Date acquired Projects acquired YTD Location (HK$m) Jun 2018 Everest Building, Nos. 241-243 Nathan Road Jordan c. 1,900 MTR residential site tender in Yau Tong with Sino Land May 2018 Yau Tong c. 2,600 (CSI-20%) Aug 2018 OCTA Tower, No. 8 Lam Chak Street (CSI-25%) Kowloon Bay c. 7,500 Commercial site #C of c. 400k sq.ft. from Urban Renewal Authority (‘URA’) redevelopment at Gage Street/ Graham Nov 2018 Central TBA Street in Central (CSI increased ownership stake to 50:50 with Wing Tai Properties) Apr 2019* Site at Nos. 94&96 Wellington Street Central c.450 Note: Purchase Price based on 100% ownership interest * This is post FY 2019 year end acquisition 5
FY 2019 results highlights (Period ended 31 st March) FY2019 FY2018 % change (HK$m) (A) (B) (A/B-1) Gross revenue from property business 3,439 3,969 (13%) Property sale 3,136 3,662 Rental income 302 307 Gross profit 1,065 859 24% Profit from property JV/associates 20 467 (96%) Profit attributable to equity holders 530 1,011 (48%) EPS (basic) 5.28 cents 10.07 cents (48%) Notes: 1. Majority of the presales of upper office floors at Nos. 2-4 Shelley Street have been completed and booked in Apr and May 2019 6
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